Which of the following accurately summarizes the correct formula for determining the monthly remittance to the CRA?

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Which of the following accurately summarizes the correct formula for determining the monthly remittance to the CRA? (IT = income tax)

a. (2 * IT) + (2.4 * CPP) + (2 * EI)

b. (1 * IT) + (2 * CPP) + (2.4 * EI)

c. (1 * IT) + (2.4 * CPP) + (2 * EI)

d. (2 * IT) + (2 * CPP) + (2.4 * EI)

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College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

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Question Posted: Dec 23, 2019 12:28 PM

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Which of the following accurately summarizes the correct formula for determining the monthly remittance to the CRA?

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College Accounting A Practical Approach

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